Gestione del risparmio e della ricchezza finanziaria, previdenza aggiuntiva e azionariato dei lavoratori
di Alberto Niccoli
Università di Ancona

ABSTRACT

The paper estimates financial wealth and saving rates that Italian workers should have in order to enjoy incomes after retirement equal to 80% of their previous wages. Relevant variables are: the rate of growth of wages; interest rates; the pension contribution rate; and the ratio of the number of workers to the number of retired people. Financial wealth and financial saving rates ought to be 170-370% and 5.5-16% of labour incomes, respectively. Those values are too big for Italian financial markets. Possible solutions to the problem are examined. [Cod. JEL: G23, J26 e J32].